Sales have gone from $ 16.89 billion in the second quarter last year to $ 18.69 billion in the second quarter of the year. Analysts' estimate was a turnover of $ 17.40 billion.

One explanation for the company's increase is that more and more companies are using Facebook's marketing platform to be able to reach the increased number of users who are online as a consequence of the corona pandemic. The strong report caused Facebook to rise on the stock market.

Google reduces sales for the first time

Four of the technology giants in the so-called FAANG group (Facebook, Apple, Amazon, Netflix and Google (Alphabet)) were to report after closing today and prices generally increased during after-sales.

Facebook rose by 8 percent, Amazon, which reported its biggest profit ever, rose by 6 percent, Apple by 5 percent while Google's parent company Alphabet fell by just under 0.5 percent. 

It was the first time in 16 years that Google reported a quarter with reduced sales. However, the decline was smaller than analysts had expected.